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USDC Loan Utilization Rate on Aave Protocol Falls to 20% from 80%

Published 12/31/2022, 03:13 PM
Updated 12/31/2022, 03:15 PM
USDC Loan Utilization Rate on Aave Protocol Falls to 20% from 80%
ETH/USD
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  • Data shows USDC loan utilization rates on Aave reduced significantly this year.

  • Delphi Digital hints that USDC utilization rates fell from 80% to nearly below 20%.

  • Crypto market ultimately broke below the $800 billion price point.

According to data from Delphi Digital, an Institutional grade crypto research firm, the crypto loan utilization rates for prominent collateral types like USDC on the crypto lending protocol, Aave, have declined significantly this year.

Delphi Digital published a year-to-date (YTD) graph yesterday illustrating how the utilization rates for the Ethereum USD (ETHUSD) pair and that of USDC fell continuously from over 80% in December 2021 to nearly below 20% in December 2022.

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